The past year has been an extension of last year’s bear market for most altcoins. All bar a few are set to end the year lower than they began it and there have been very few survivors from 2019.
2019: An Altcoin Nightmare
While total crypto currency market capitalization is currently over 55% up this year, it is predominantly Bitcoin’s doing. The king of crypto has gained 95% in 2019 but the same cannot be said for its digital brethren.
Altcoins have had another annus horribilis and most of them have lost ground in 2019.
The second largest crypto asset in the world has been crushed again this year. Following a rally to over $350, Ethereum has dumped back to January levels around $130. This has left the asset 90% down from its peak and still buried under the crypto winter snow and ice.
If Ethereum’s story is bad then Ripple’s is even worse. XRP has plunged 45% this year dumping the cross border transfer token to its lowest level for over two years. Prices are currently back before they were before the 2017 bubble leaving XRP a painful 95% down from all-time high.
Bitcoin Cash is up marginally on January prices but the whole year has been pretty flat for the BTC fork. A pump to $500 has dumped back to $200 and there has been no independent movement for the fourth most popular crypto asset.
Litecoin had an epic halving surge of almost 400% to top out at $145 but has since crashed back to winter levels around $40. It is unlikely LTC will do much without its big brother in 2020.
The ‘Ethereum killer’ EOS has itself been killed as the token fails to live up to the hype and crumbles under centralization concerns. EOS is currently trading lower than it was at the beginning of the year.
Bitcoin SV has been another under-performing altcoins with a year-end price of around $100 which is exactly where it was at the beginning.
Rounding out the top ten is Stellar which has been absolutely crushed this year following its big brother at Ripple. XLM has dumped a painful 60% over the course of this year extending its bear market to two years.
Nearly all of the higher market cap altcoins including Tron, Cardano, Cosmos, LEO and Monero have ended the year equal or lower than they started it.
The Crypto Survivors
Binance Coin is one of 2019’s few productive altcoins with a surge of 560% for the first half of the year. BNB has followed the rest down into the digital doldrums by year end but is still trading 130% higher than it did at the start.
Tezos has been another darling of 2019 with a surge of 185% since January first. Major exchanges offering staking rewards has driven XTZ prices making it one of the best performing altcoins of the year.
Exchange based tokens have performed will this year and Huobi Token is another notching up triple digit gains in 2019. HT has cranked 160% over the past twelve months joining its bigger brother at Binance.
The final top twenty performer this year is Chainlink which has outperformed all other altcoins ending the year 530% higher than it began it.
Unless there is another massive alt-surge many of the crypto assets mentioned above will continue their decline in 2020 as interest, liquidity and volume wanes. Only the strongest will survive.
Image from Shutterstock The post appeared first on NewsBTC. origin »
Although Bitcoin has had a stellar year thus far, 2019 has not been a strong year for the altcoin market. Only two out of the thousands of altcoins on the crypto market were able to outperform Bitcoin over the first half of the year.
Crypto and cannabis appear to march to the same beat. Cannabis stocks tumbled last month, after a year of exuberant growth. Crypto prices suffered a prolonged 2018 winter, the hangover of which continues to plague the altcoin market.
A mini-rally this weekend has raised questions on whether 2019 will solely be the year of Bitcoin (BTC). With altcoins finally in the green, investors may be trying to diversify their crypto holdings or lock-in gains from the increasing value of BTC over the past week.
The current state of the altcoin market is woeful, to say the least. The majority of crypto assets are still down over 80% from last year’s all-time highs and most of them are looking to remain there for a while longer.
After a bearish crypto-winter towards the end of 2018,, the market regained some modicum of bullish momentum this year. Off late, the king coin has struggled to stay above $10,000, with its price oscillating within the range of $9,400 and $12,000.
Throughout all of 2019, Bitcoin price has been on a steady ascent. For the greater portion of the year, Bitcoin appeared to be unstoppable and broke through resistance after resistance, even as the altcoin market bled out.
The reported volumes of cryptocurrency exchanges came under fire earlier this year after trading analytics platform, The Tie, released its own findings and concluded that 90% of the trading volumes were incorrectly reported by crypto-exchanges.
Bitcoin (BTC) resurgence, up 6 percent Altcoins dominance fall Superior, Bitcoin is generally in an uptrend despite early July losses. Presently, resistance lies at $14,000, and if buyers overcome this level, then BTC could soar to $18,000 by close of the year.
Ever since the dawn of cryptocurrency, it has been Bitcoin against other coins. Each year has continuously been tagged the “Altcoin” year, with hopes that most of the new and upcoming coins, will rival Bitcoin and give the digital currency the necessary competition it needs, to make the crypto market an exciting place to be.
Bitcoin is switching lanes, shifting gears and flooring it; not on the altcoin path, but on the golden road. 2019 so far, can be described as a breakthrough, not just in price, but also in competition.
2019 has been a difficult year to keep your eyes off the virtual asset ecosystem, since the valuation of cryptocurrencies has been going through a continuous cycle of major pump and dump. The trend continued at press time, as a massive price surge was unfolding for Stellar Lumens [XLM].
Large cap altcoins have appreciated nicely against the US Dollar in 2019. Their gains however, have paled in comparison to Bitcoin's bullish rally this year. But Digital Currency Group CEO Barry Silbert said in a tweet Wednesday that he expects the market value of quality altcoins to catch up to the Bitcoin price boom sometime […]
The post Barry Silbert Predicts Altcoin Price Explosion to Catch Bitcoin Rally appeared first on CCN Markets
Ripple’s XRP continues to struggle to stay above $0. 40, a key support position for the altcoin. Recent movements from Bitcoin and Ethereum, the only two larger cryptocurrencies by market cap, would suggest that the asset is having a prosperous year.
The major Altcoin season is still very much anticipated as coins and tokens cross over to the second half of the year, the first month already has some altcoins hitting significant milestones as the year 2020 is awaited.
New data is laying bare the extent of altcoin losses in 2019 as Bitcoin steals lion’s share of the cryptocurrency market. Top 70 ‘Alts’ Down 19 Percent Against BTC Published by digital asset firm Bletchley, a variety of indices put some altcoin losses at over half since April this year.
Given the meteoric rise in the value of the cryptocurrency market since the turn of the year, one might assume every major altcoin recorded growth in the six months since January 1st. Yet a glance at the year-to-date figures for coins in the crypto market cap top 100 tells a different story.
Bitcoin (BTC) has been on the rise in the bull market since April 2019. It has increased over 300% so far this year and metrics indicate it could be going much higher to reach a new all-time high.
With bitcoin continuing its surging uptrend, crypto bulls like Tom Lee and John McAfee say the altcoin season is bound to make a comeback before the end of the year. The Altcoin Season It’s a well known fact in the crypto market that altcoins typically have their bull market moment after bitcoin has finished its course.
Consensus is in that the bull run has officially returned. From local bottoms in the low US$3,000s, Bitcoin has boomed almost four times to its current position of $11,400. For many, this has been a phenomenal first half of the year.
It has been a very interesting week for Bitcoin in the price department. The same can’t always be said about the altcoins, as they need a bullish Bitcoin to note any real gains of their own.
Litecoin [LTC] posted massive gains and came out as the biggest winner among altcoins as the week came to an end. The digital coin led the altcoin pack towards another bull run. The latest pump, however, drove the crypto-asset’s price over $100-mark for the second time this year.
By CCN: “Alt season” is one of the most profitable phases of the cryptocurrency market cycle. It is a period when all altcoins – from large-cap to small-cap – go through exponential growth, often at the expense of bitcoin.
After more than a year of waiting, it’s official — crypto is making a comeback. By midway through May, Bitcoin broke the $8k barrier, and the global crypto market cap hit its annual high of over $260bn.
Ethereum has been having quite a year for itself — with the premier altcoin currently resting around the $235 region after having hit a relative low of $86 just 6 months back. Statistical data shows that ETHs native GAS consumption has been on the rise this year, thereby signifying an increase in the development of […]
Bitcoin’s [BTC] recent comeback has reignited the rise of the altcoin market. With a record growth of 105% in five months, Ethereum [ETH] maintained its position as the best performing altcoin for value recovery.
The biggest flash crash we’ve seen this year has sent bitcoin price plummeting today, along with the rest of the altcoin market. A $31 million sell order placed during the early hours appears to have kick started this heavy correction, but how long can it go? Let’s take a look.
The recent bull run in Bitcoin’s [BTC] market resulted in a recovery spree for the altcoin universe. While several altcoins made headlines for incurring massive spikes in value, Tron [TRX], the ‘investor friendly’ altcoin, exhibited sideways trajectory through the year.
Despite the crypto-market gradually recovering from the depths of the crypto-winter, XRP continues to be one of the worst performing coins in the crypto universe. While the second largest altcoin maintained a sideways trend throughout the year, Stellar Lumens [XLM] has been recovering slowly since February, 2019.
Ethereum [ETH] rode a slow and consistent bullish wave throughout the year, following the surprising 66% spike in December 2018. On the contrary, Tron [TRX] displayed an overall growth pattern dissimilar to the world’s second largest cryptocurrency, moving sideways through 2019.
Over Easter weekend, there was a debate raging on Bitcoin Twitter over the use of the @Bitcoin account. Over the past year or two, the account has been used by its owner (or whoever is currently controlling the account) to promote the Bitcoin Cash altcoin, which has infuriated Bitcoin users.
Recent data on CoinMarketCap concerning Bitcoin is showing some promising information. The cryptocurrency’s Bitcoin Dominance Index has reached 55 percent for the first time this year. U Today suggests this means that the “altcoin season might not be coming anytime soon.
As per an all new research piece released by the folks over at Hodlbot.io, individual crypto coins are becoming increasingly less correlated with the wider market at large. This stands especially true in 2019, a year when this trend has become more visible and obvious for everyone to see. In this regard, many experts such […]
2019 has witnessed a Cambrian explosion of crypto interest schemes. Previously, the only way to make a passive income on your cryptocurrency was through hodling and hoping it would rise in dollar terms, or to operate a masternode for a dubious altcoin.
It has almost become a norm in the cryptospace for altcoin price movements to follow the same direction with that of bitcoin (BTC), the world's flagship cryptocurrency. However, DataLight, a cryptocurrency analysis platform has carefully put together a list of the top five cryptos whose price rarely move in unison with bitcoin (BTC), according to […]
After a year on its testnet, the VeriBlock blockchain went live yesterday on the Bitcoin mainnet, allowing exchanges, wallet providers, merchants and other crypto businesses to leverage Bitcoin’s robust blockchain security.
The volatile price action in the crypto markets over the past year and a half has proved to investors that despite each major altcoin having (mostly) unique features and use-cases, their prices are still extremely influenced by the overall market price action, and especially that of Bitcoin.
Binance’s overwhelming dominance of the cryptocurrency trading landscape has quietly sent another veteran Bitcoin exchange to the scrap heap. C-CEX, an altcoin exchange which eventually grew to more than 160,000 users, has quietly closed down nearly every market it offered.
Digital Currency Asset Manager, Grayscale Investments, had a record year in 2018, with institutions and retirement accounts comprising the lion’s share. What’s more, they are increasingly opting for Bitcoin over other altcoin offerings as the cryptocurrency market flatlines.
Icon was one of the most hyped projects entering this year with huge expectations pinned to the “korean Ethereum”. The whole year was marked with strong bear grip of the crypto market, squeezing out the joy, motivation but also money out of both altcoin team projects and their supporters.
Heading into Thursday evening, the cryptocurrency market continues to feel uncomfortably quiet, with the Bitcoin price consolidating below $3,400 during the final days of the Chinese New Year celebration — an event that some analysts say is depressing crypto trading volumes.
Hello guys, the year is already underway and the cryptosphere still has this frenzy outlook with the general bearish run. With this in mind, many bitcoin and altcoin traders need trustworthy exchange that can best facilitate their trading so as to maximize profits.
When I decided, maybe against my better judgement, to live on bitcoin for a week, the plan was met by a combination of cautions and jokes from friends and loved ones: “Just don’t starve,” “Well, it’s the New Year, a perfect time to start a new diet,” “Will you be able to eat?”, “Have you really thought about it?”I had “really” thought about it and it seemed not only sensible but necessary.
Coinopsy, a website that maintains an active catalog of “dead” cryptocurrencies, currently estimates that 264 altcoins failed to survive the 2018 bear market. Of the projects that did not survive to see 2019, more than half were launched in 2017 through an initial coin offering (ICO).
As a new year dawns upon the cryptocurrency industry, making money will remain a top priority for most traders and enthusiasts. Arbitrage trading, whether direct or triangular, will remain a good way to do so under any circumstance.
This time last year, altcoiners were jubilant at the soaring value of their respective cryptos, while gloating at BTC’s diminishing dominance. “Penny coins” such as Ripple, Iota, and Verge were rocketing, with fanboys decrying any media outlets that dared to “FUD” them.
Bitcoin Had A Great 2018 In the eyes of many consumers, especially those without a vested interest in the cryptocurrency industry, Bitcoin (BTC) has had a terrible year. Since establishing its all-time high at $20,000, the leading digital asset has fallen to low valuations, as its altcoin brethren followed.
Latest Bitcoin News The fall from 2017 peaks was a test of resilience and even dashing for those who bought on “dips”. Though the technique called Dollar Cost Averaging may work, last year’s meltdown coincided with a cool off period weeks after the Bitcoin and altcoin market rallied to new highs.
In the time-honored tradition of goal setting for the new year, Bitcoin Magazine has compiled a short list of seven possible New Year’s Resolutions for Bitcoiners as we head into 2019.
Bitcoin {{BTC}} is in the midst of a period of negative correlation with gold, signalling a risk-averse environment where investors favor traditional safe-haven assets like gold as opposed to speculative assets.
The price of Bitcoin (BTC) fell to about $27,300 as almost $200 million was liquidated from the cryptocurrency market on April 21. Nearly $200 million liquidated According to Coinglass, the crypto market saw $191.
The total market cap (TMC) of crypto assets lost nearly half of its value between January 2022 and September 2022, according to a recent report by crypto intelligence company CipherTrace.
The post CipherTrace report reveals almost 50% of crypto total market cap was lost in 2022 appeared first on CryptoSlate.
Cryptocurrency ATM company Coin Cloud has filed for bankruptcy, according to a document submitted to Nevada’s bankruptcy court on February 7.
The post Genesis-backed Coin Cloud files for bankruptcy on its ATM network appeared first on CryptoSlate.
